Nifty Structure Analysis & Trade Plan: 8th September

🔎 Market Structure Analysis

4H Chart

Price is moving inside a rising channel, but repeatedly rejecting around 24,840–24,880 supply zone.

Recent rejection shows short-term weakness, but the structure is still holding higher-lows around 24,650–24,670 (support).

Key imbalance (FVG) visible near 24,650, which could act as a demand zone.

Bias: Sideways-to-bullish unless 24,650 is broken.

1H Chart

Price attempted a breakout above 24,840, failed, and pulled back into the 24,720–24,750 zone.

This zone coincides with channel support + minor demand.

As long as 24,700 holds, structure favors bounce continuation.

Break below 24,700 = short-term bearish with downside open to 24,560.

Bias: Neutral with bullish tilt (unless 24,700 fails).

15M Chart

Micro-structure shows failed breakout → liquidity grab above 24,840, followed by BOS (break of structure) downward.

Price is consolidating just above support trendline.

Short-term buyers defending 24,700–24,720.

Bias: Expect volatility early session — direction depends on 24,700 hold/break.

📌 Trade Plan for 8th September (Monday)

Long Scenario (preferred bias)

Entry Zone: 24,700–24,720 support

Targets:

T1: 24,820

T2: 24,880 (channel high / supply)

T3: 25,000+ (if breakout holds)

Stop Loss: Below 24,650

Short Scenario (if breakdown happens)

Trigger: Break & close below 24,700 on 15M/1H

Entry Zone: 24,690–24,710 (retest entry)

Targets:

T1: 24,560

T2: 24,450

T3: 24,300 (major demand)

Stop Loss: Above 24,760

🎯 Summary

Above 24,700 → Look for longs into 24,880–25,000.

Below 24,700 → Shorts open till 24,560–24,300.

Expect whipsaws around open; best is to wait for 15M structure confirmation.